BItcoin pushing towards 8000 USD. It could breakthrough the Fib level 1.0 or peak at it. Performance of these 3 cryptos are perfect as they almost 100% peak at Fib level 1.0. The following charts are 2 days worth of hourly timeframes. Go figure?
Check out the lastest ETH USDT green candle push up to Fib level 1.0 but still hovers just under. These Fibs levels are so predictable
LTC USDT is not as strong but still peaked at .786 Fib level. These become you exit levels since they are so predictable with Fib levels.
XRP USDT is still too choppy but most recent peak was at FIb level 1.0 in the last 2 days.
If the predictability of Fibonacci levels do not impress you, either you need to get your head examined or get your eyes checked. As they say, Fibonacci sequences are part of natural order so it seems to work here in trading quite nicely.
The private, anonymous, and decentralized coins like Monero, ZCash, and Dash are doing quite well. Check out the charts on TradingView. They all bottomed out by Jan 4 but this is why my current algo trading strategy has been doing well? I also show the intraday plays as well. Very nice looking indeed. Just ignore what the talking heads say about this space.
My NEW trading signals will help you get some really good returns on coins like this. Interested? Join my newsletter to get on the early bird list to get access to the vital few.
XRP Natural gas EURNOK continue to dominate in market dump
They Bitcoin is dying. Yes it is but news is that XRP/Ripple could take over. If you look at the performance for the last 2 days, you would agree.
When you look at Natural Gas, it has outerperformed greatly as well. I am in awe when you look at how the markets have been tanking. This includes all the usuals which are especially having to to have indirect relations like gold vs oil or stocks vs bonds. Everything is down!! Yikes but these performers have been doing ok.
I have also confirmed that EUR NOK is definitely a defense play. It is the second day in a row this currency pairs has taken off over the last few hours.
When you watch stuff like this, you quickly figure out where capital needs to be deployed. That is why I built the Analytics service.
I have put up another analysis for the last few hours on the market of Nov 16. It seems crypto is the place to be. In fact, it is very quiet according a few hourly chart on some leading crypto currency pairs. It also shows the last few days, things back on the move for these pairs. As a result, I may rejig the crypto strategy to include all 300+ crypto currency pairs found on Binance instead of just the top 40.
You can join my Quant Analytics service to see how this works
Instead of trying to use low volume cyrpto currency pairs, it made sense to focus on higher liquid pairs with a potential future. This would include the fast growing Ripple XRP. These are used as selected by Coinbase to support on their exchange or custodial service. Some of these have a great or even questionable future but I think following what Coinbase will support is a better.
Let me know what you think of either of these coins or the future of them?